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20121129
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, managing director and head of global commodities reaernr research at citi. we met many life times ago. tell us we're about $88 now on oil. >> on wti, which has nothing to do with the real world. >> $110 on brent. >> we think brent will go down 10%, maybe a little more. we have a $90 level for brent, $90 to $100 level. >> why is that? >> we've just gone through almost two year period of really significant amount of disruption, like the embargo against iranian crude. but a lot of it is about a beca had high prices for ten years and the fruits of new investments are coming in and just a lot of oil coming into the market. particularly from north america, but other places, as well. >> what about china? the idea was that china was sort of hoarding oil. are they still doing that? >> they're hoarding in two ve senses before some senses. some is for the strategic stockpile. they'll do another 400 million between now and 2020. >> so how does that compare with -- >> we have 700 million. we don't need it any longer because we're producing so much more oil every year. >> domestically. i saw a chart the
some sort of tofu. >> one thing you can't do in the city, which i wish we could do -- >> deep fried turkey. i would love to do a deep fried turkey. mark bitman is suggesting that you break the turkey in two and do what he calls a flat turkey. >> it's supposed to be really tasty. >> after it's dead. >> yes, after it's dead. >> pita's not going to like that. how could you actually break a turkey? down middle or front back? >> did you see that pita is protesting the president's pardon? >> i didn't understand that. they said don't pardon him. why? all going down with the ship? >> because it's done anyway. i don't know. it was very strange position to take. >> all right. well, do you have any questions? >> i was going to talk about flattening the turkey. >> she knows a lot. >> i want to know if you flatten the turkey, how do you deal with the stuffing? >> i remember what i asked last year. >> i don't remember everything. >> the stuffing inside, do you stuff it in really night. >> that's right. you don't stuff it in tight. but you also don't stuff it the night before either. >> no. that w
, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and h
falling around the city. not the kind that caused too much problems. that's the good news. the big winter was west milford, new jersey. you saw two to six inches of snow. not too much to write home about, but it's still early in the season. a little bit of sunshine poking out. a few light rain showers and that's about it. today a drier day. chilly out there still. up to 41. 49 here in washington, d.c. pittsburgh up to about 40. and boston staying in the 30s. tonight, of course, big event in rockefeller center. temperatures will be in the 30s. breezy but clear skies. nearly a full moon outside as well. the big storm we're watching is in the west. three storms, you can see them pin wheeling here out to the pacific. the rain is now approaching into san francisco. northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to
Search Results 0 to 3 of about 4